Winter and Autumn is coming and electricity energy increase because every air conditioner turning off, gradually mining and miner increase and BTC start bullish. This is just my analysis and not signal for buy or sell. Good have a profit
We may have a complete correction, and if this is the case, we should have a reversal impulse. Now, I'm waiting for a small correction to place a pending order. The only thing that I didn't like here is the depth of the blue ABC. Even 0.382 retracement level has been reached. Of course, it can be a shallow correction, or we can have a bigger one. We'll see that...
The red B probably is the end of the monthly expanding flat. Then we got a reversal impulse, and a running flat. The last top can be the end of the 2nd wave, and we may have a reversal structure. That being said, a correction and more upside is still possible. That's why I'm waiting for a small trade setup to place a pending order. I'll move SL to BE at the new low.
It isn't one of the best shaped and clear one, but what we have here might be an ending diagonal after an upward impulse for a decade. If this is the case, we should see a downward impulse as the wave A of a yearly corrective structure. So, we can assume that the next wave will be pretty big and fast. That's why I keep looking for short trade setups. If the last...
After the expanding flat, which ended at blue C, a reversal impulse and correction between the blue lines have come. After the last top, we got a lower degree impulse and a correction between the yellow lines, which seems like a complete one. Then another reversal impulse and correction between the purple lines. The issue is that correction because it seems odd. I...
I think a weekly running flat is in the making and the current upward movement is the C wave of the B. That's why my forecast is more upside to 32. That's why I'm looking for a long trade setup, and a complete correction over the yellow trendline will be a valid one. As you can see, I annotated two options. It seems the white one is more likely because I don't...
It seems like a running flat is in the making on the bigger picture, and the last low can be the end of the wave B inside the wave B of that structure. So my forecast is the wave C and what we have after the last low can be the reversal pattern. Now, I'm waiting for a correction after the potential reversal impulse and a small trade setup to place a pending order....
My main forecast is the blue C wave for the completion of the correction. But there is another option too. Based on that wave count, the yellow B can be the end of the correction, and what we see after that can be a reversal structure. So, in both cases, we should see more downside. That's why I want to take a short trade. To do so, I'm waiting for a small...
It looks like a channel is in the making at the end of the upward impulse. The last top can be the end, or we may see more upside inside the channel. For now, that part is not clear, but it is that the channel is one of the strongest reversal patterns. That's why I will take a short trade if I see a correction after the potential reversal impulse.
In some time, Gold will consolidate first, touch at 1754-1755, and after that it will go higher. Targeted profit at the price of 2065 (1.618 Fib Extension). Note: Please keep in mind that no one guarantees the analysis will be 100% as expected. It all comes back to your own analysis, money management and risk management.
Hello everyone, So my thoughts on BTC is that we are in the redistribution phase, which means a second peak (but not as high) as the previous 65k peak. Look how the red lines perfectly line up.. i think BTC might try to test this with some kind of fakeout. Imo we could see 44-45k soon, 40k retest (black line) and after this maybe a final push before going down....
The blue ABC can be a complete correction, and if so, we may have a complete reversal structure as well as a trade setup. That's why I placed a pending order under the last low. If it makes a proper correction and a small trade setup, I'll update my entry price and lot size accordingly. Based on the bigger picture, the other scenario is a correction, which will be...
I think a big running flat is in the making on daily scale and the last top can be the end of the wave B. If so, we should have a reversal impulse. My expectation is the purple C for a complete correction. Then I'll wait for a trade setup to place a pending order. That being said, the purple A can be the whole correction. In this case, I'll need more downside and...
My forecast is a bigger correction as I annotated, but the blue A can be the whole correction, and the next wave can be a big upward impulse. That's why I want to take a long trade. If I see a good chance for the wave C, I'll hedge my trade. Now, I'm waiting for a small drop to have a complete reversal structure to place a pending order.
My expectation is a big downward impulse as the wave C to complete a running flat. The last top can be the end of B, and the drop can be a reversal impulse. That's why I'll take a short trade if it makes a correction. The other option is an expanding flat between the yellow lines. In this case, I'll sell it after a new high and reversal structure.
As you can see, my wave count consists of 4 degree of 12345 structures. It seems a bit optimistic, but there is definitely a chance for such downward impulse. That's why I want to take a short trade. To do that, I need a complete 2nd wave and a reversal pattern under the blue trendline.
It can be seen from the daily time frame chart that I show, AUDUSD has corrected at the 50% Fib ratio level, also in the strong demand zone at 0.74100, and has been followed through the oversold level 2 times (RSI indicator). Medium to long term targets, target 1 —> 0.83417 & target 2 —> 0.89213.
My annotations indicate my main expectation, but there are some other options for the completion of the correction. Then we should see a big upward impulse. Now, I'm waiting for a new low (purple B) and a reversal structure to take a long trade. I do so because the new low can be the end of the correction. If I see any chance for one more downside after the purple...